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Market MapNew York, NY
Metropolitan Area

New York, NY

New York0
51
/100
Hold
#692 of 894 metros
Top 77% nationally for investing

Market Snapshot

$699,395
Median Home Price
186% above national median
$3,294/mo
Median Rent
138% above national median
5.65%
Rent-to-Price Ratio
Top 59% nationally
-$1,525
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$699,395
Down Payment (20%)$139,879
Loan Amount$559,516
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$3,294
Monthly P&I-$3,666
Est. Expenses (35%)-$1,153
Net Cash Flow-$1,526/mo
3.7%
Cap Rate (all cash)
-11.4%
Cash-on-Cash Return
5.65%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
51/100
51
Cash Flow(30%)
55/100

Based on 5.65% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
80/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
10/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$1,525/mo)
  • -Negative leverage (cap rate 3.7% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Counties in New York, NY

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Montgomery, AL
Montgomery, AL
71$203,530$1,3457.93%BuyView
Columbus, GA
Columbus, GA
71$200,025$1,3067.84%BuyView
Scranton, PA
Scranton, PA
71$219,797$1,3117.16%BuyView
Canton, OH
Canton, OH
71$207,064$1,1196.48%BuyView
South Bend, IN
South Bend, IN
71$221,335$1,3337.23%BuyView
Current
New York, NY
51$699,395$3,2945.65%Hold

The Bottom Line

HoldNew York, NY is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The New York, NY metro area scores 51/100, ranking #692 of 894 US metros (top 77%). The 5.65% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,525/mo
Cap Rate
3.7%
Cash-on-Cash
-13.1%

Ready to Invest in New York, NY?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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